Home » iQIYI (IQ) Set to Announce Quarterly Earnings on Thursday

iQIYI (IQ) Set to Announce Quarterly Earnings on Thursday

by 100IQ Win The Knowledge

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iQIYI (NASDAQ:IQ – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 26th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

iQIYI (NASDAQ:IQ – Get Rating) last announced its earnings results on Tuesday, March 1st. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.06. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. iQIYI had a negative net margin of 20.28% and a negative return on equity of 77.71%. On average, analysts expect iQIYI to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of IQ stock opened at $3.76 on Thursday. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -3.11 and a beta of 0.90. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.51 and a current ratio of 0.51. The company has a 50-day simple moving average of $3.79 and a 200 day simple moving average of $4.73. iQIYI has a 52 week low of $1.86 and a 52 week high of $16.13.

A number of hedge funds have recently added to or reduced their stakes in IQ. Janus Henderson Group PLC grew its holdings in iQIYI by 9.2% during the 3rd quarter. Janus Henderson Group PLC now owns 16,893 shares of the company’s stock worth $136,000 after acquiring an additional 1,429 shares during the last quarter. West Family Investments Inc. bought a new stake in iQIYI during the 1st quarter worth approximately $85,000. Cambridge Investment Research Advisors Inc. grew its holdings in iQIYI by 27.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,215 shares of the company’s stock worth $142,000 after acquiring an additional 6,676 shares during the last quarter. Mackenzie Financial Corp grew its holdings in iQIYI by 82.7% during the 4th quarter. Mackenzie Financial Corp now owns 36,134 shares of the company’s stock worth $165,000 after acquiring an additional 16,353 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its holdings in iQIYI by 157.4% during the 1st quarter. Wetherby Asset Management Inc. now owns 50,300 shares of the company’s stock worth $228,000 after acquiring an additional 30,755 shares during the last quarter. Institutional investors and hedge funds own 32.74% of the company’s stock.

Several brokerages have weighed in on IQ. Zacks Investment Research cut shares of iQIYI from a “buy” rating to a “hold” rating in a research note on Thursday, March 24th. JPMorgan Chase & Co. upgraded shares of iQIYI from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $2.00 to $8.00 in a research note on Monday. Finally, The Goldman Sachs Group began coverage on shares of iQIYI in a research note on Sunday, April 10th. They issued a “hold” rating and a $6.20 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.36.

iQIYI Company Profile (Get Rating)

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People’s Republic of China. The company offers various products and services comprising internet video, online games, live broadcasting, online literature, animations, e-commerce, and social media platform.

Further Reading

Earnings History for iQIYI (NASDAQ:IQ)



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